(File Photo of PPG Paints Arena)

Noah Haswell, Beaver County Radio News

(Pittsburgh, PA) The Pittsburgh Penguins are now one step closer to having new ownership. The Sports and Exhibition Authority of Pittsburgh and Allegheny County has approved the transfer of the lease of PPG Paints Arena to the Hoffman Family of Companies from the Fenway Sports Group. The Sports and Exhibition Authority confirms that their solicitor has reviewed all of the necessary documents and the deal is now awaiting approval from the National Hockey League. The Hoffman Family of Companies, which is based in Chicago, announced an agreement late last year to purchase the Penguins from Fenway Sports Group.